While the Russian authorities have softened their first-hostile approach to cryptocurrencies, the influential Russian banker and the Bitcoiners Herman GFF, the head of Sberbank, confirmed their position in protest of the ban of cryptocurrencies. These Russian authorities and the financial authorities should be tolerant of cryptocurrencies and blockchain technologies.
This Chief Executive of Russia's largest bank has requested that with regulation, be patient with decentralized currencies. The banker has stressed that cryptocurrencies were yet to be understood and any regulation should be measured and not considered reactionary. Sberbank CEO Herman Gref has cited this, stating the Russian news agency TASS.
Source - https://www.ccn.com/cryptocurrencies-not-banned-ceo-russias-largest-bank/